Teamsters Local 727 Health And Welfare Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 366069119 ✦ Park ridge, IL ✦ Designated as a 501(c)(9)

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Overview

What is Teamsters Local 727 Health And Welfare Fund?

Teamsters Local 727 Health and Welfare Fund is a nonprofit organization based in Park Ridge, Illinois, specifically located at 1300 W Higgins Road, suite 103. Their primary mission encompasses providing essential health and welfare benefits to all eligible participants and their dependents. This includes a range of services to ensure the well-being of those involved with the organization.

Is Teamsters Local 727 Health And Welfare Fund legitimate?

Teamsters Local 727 Health And Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Teamsters Local 727 Health And Welfare Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $357,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $747,186

For more financial information, click here

What is the mission statement of Teamsters Local 727 Health And Welfare Fund?

The Teamsters Local 727 Health and Welfare Fund is committed to extending health and welfare benefits to all eligible participants and their dependents. This organization prioritizes the well-being of its members by offering a comprehensive range of benefits. By focusing on health and welfare, the Fund aims to improve the quality of life for those it serves. The Fund's mission reflects its dedication to supporting its members through various aspects of their lives. In doing so, it strives to foster a sense of security and peace of mind within the community it serves.

Who is the CEO of Teamsters Local 727 Health And Welfare Fund?

John T Coli Jr is the Trustee of Teamsters Local 727 Health And Welfare Fund.

What is the revenue of Teamsters Local 727 Health And Welfare Fund?

Teamsters Local 727 Health And Welfare Fund's revenue in 2023 was $82,463,603.

Who are the executives of Teamsters Local 727 Health And Welfare Fund and what are their salaries?


Here are 16 key members and their salaries:


Michael Degard (Trustee)
  • Compensation: $0
  • Related: $139,099
  • Other: $69,993
Carl Tominberg (Trustee)
  • Compensation: $25,692
  • Related: $54,625
  • Other: $0
Greg Youmans (Trustee)
  • Compensation: $36,228
  • Related: $56,921
  • Other: $0
Robert Sheehy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mccarthy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John T Coli Jr (Trustee)
  • Compensation: $0
  • Related: $361,864
  • Other: $104,479
Nicholas Micaletti (Trustee)
  • Compensation: $0
  • Related: $153,730
  • Other: $72,949
Zachary Frankenbach (Asst Fund Manager)
  • Compensation: $0
  • Related: $168,515
  • Other: $75,793
Caleen Carter-Patton (Trustee)
  • Compensation: $0
  • Related: $167,632
  • Other: $73,846
Robert Laino (Fund Manager)
  • Compensation: $0
  • Related: $232,512
  • Other: $88,592
Benedict Affetto (Cfr)
  • Compensation: $0
  • Related: $166,020
  • Other: $75,294
Robert Macarthur (Cfr)
  • Compensation: $0
  • Related: $153,190
  • Other: $72,728
Melvin Pryor (Cfr)
  • Compensation: $0
  • Related: $153,190
  • Other: $72,728
Scott Johnson (Cfr)
  • Compensation: $0
  • Related: $153,190
  • Other: $72,728
Michael Vendafreddo (Cfr)
  • Compensation: $0
  • Related: $100,432
  • Other: $62,176
William Coli (Fund Manager - Former)
  • Compensation: $0
  • Related: $124,478
  • Other: $49,357
Where can I find the form 990 for Teamsters Local 727 Health And Welfare Fund?

Teamsters Local 727 Health And Welfare Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Teamsters Local 727 Health And Welfare Fund

Teamsters Local 727 Health and Welfare Fund is a nonprofit organization dedicated to extending health and welfare benefits to all eligible participants and their dependents. The Fund's primary objective is to ensure that those it serves have access to essential health and wellbeing services.

In simple terms, Teamsters Local 727 Health and Welfare Fund functions as a safety net, providing vital benefits that cover various aspects of an individual's wellbeing. This encompasses not only physical health but also mental and emotional wellbeing. By doing so, the Fund aims to secure peace of mind for its beneficiaries, enabling them to focus on their personal and professional growth.

The Fund's commitment to its mission is unwavering. It works tirelessly to expand its offerings and ensure that they remain accessible and affordable for all eligible participants. This dedication extends to their dependents as well, recognizing that the wellbeing of an individual is closely linked to that of their loved ones. In essence, Teamsters Local 727 Health and Welfare Fund serves as a partner in promoting overall health and wellbeing, empowering its members to embrace life with confidence and security.

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Impact




October, 2024

Teamsters Local 727 Health and Welfare Fund plays a crucial role in enhancing the well-being of eligible participants and their dependents by providing essential health and welfare benefits. Operating out of Park Ridge, IL, the Fund ensures that individuals have access to vital healthcare resources, which can significantly improve their quality of life. By offering these benefits, the Fund supports the physical and mental health of members, enabling them to focus on their work and family responsibilities without the added stress of inadequate health coverage. The impact of this initiative extends beyond individual members, fostering a healthier community overall.




This information is meant to be a general summary of Teamsters Local 727 Health And Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$82,463,603 (2023)
Expenses
$65,789,492 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,502,267
  • Program Service Revenue: $79,961,336
  • Gross Receipts: $156,442,656

Assets and Liabilities:

  • Total Assets: $114,085,744
  • Total Liabilities: $28,575,251
  • Net Assets: $85,510,493

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$78,669,841

PAYROLL AUDIT COLLECTIONS

Revenue

$953,097

PARTICIPANT CONTRIBUTIONS

Revenue

$338,398

Organization Details

Founding Year

1961

Principal Officer

John T Coli Jr

Main Address

1300 W HIGGINS ROAD 103, PARK RIDGE, IL, 60068

NTEE Category

Code: Y40 - Mutual benefit

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